Invests at least 80% of its net assets in dividend-paying common and preferred stocks. Seeks to generate income for investors through its equity holdings. Now — the numbers.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
No real growth (-1% a year). Red columns mark years that ended in a loss.
This company is not turning a profit, so the market is pricing its sales instead: 0.6× for every dollar of annual revenue.
No analyst target is on record for this company.
The stock trades 22% below its peak. The market has trimmed its expectations for the company.
The company sells $53.4M a year; the problem isn’t sales — it’s costs running above that number.
It pays out $0.25 per share each year — regular cash for whoever holds the stock.
A loss of $44.7M against $53.4M in annual sales.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.